A penthouse at Murano Grande in South Beach topped a slow week for new signed contracts in Miami-Dade County.
The pending sale of the nearly $15 million condo was the highest-priced among the 11 contracts signed in Miami-Dade between Nov. 24 and Nov. 30, according to the latest Eklund-Gomes report. The report tracks homes and condos listed for $4 million and above within Miami-Dade’s Multiple Listing Service. On average, these properties spent 202 days on the market.
During the same period, 32 new luxury listings were added, bringing the total number of high-end listings to 1,298.
In the previous week, buyers signed contracts for 21 properties in the county, representing a combined asking price of $179 million.
The six single-family homes and five condos that went under contract last week totaled $86.2 million in asking dollar volume, according to the report from the Douglas Elliman team led by Fredrik Eklund and John Gomes.
The single-family homes under contract last week had an average asking price of $7 million and spent an average of 184 days on the market. The combined asking price for these homes was $41.2 million.
The most expensive home to find a buyer last week was a five-bedroom, seven-bathroom residence at 7305 Belle Meade Island Drive in Miami. The 5,800-square-foot Belle Meade Island property is asking $11.5 million, or $1,921 per square foot, and is listed with Compass agent Geva Bar. Records show Emre Balci owns the half-acre property; Balci purchased the home for $8.2 million in 2022. The house was originally built in 1950.
Among the condos that went into contract last week, the average asking price was $8.9 million, with the units spending an average of 224 days on the market. Their combined asking price totaled $44.3 million, or an average of $2,500 per square foot.
The three-bedroom, four-bathroom Murano Grande penthouse at 400 Alton Road covers two stories and 5,300 square feet. It is listed by Jeff Miller of One Sotheby’s International Realty for $14.9 million, or $2,809 per square foot. Property records indicate Mario Cesar Rodriguez owns penthouse A, which he acquired in 2003 for $4.1 million.
Meanwhile, in New York last week, buyers signed contracts for 19 homes, according to the latest Olshan report. The total combined asking price was $189.3 million, and the typical property spent 784 days on the market.
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